Equities Market continues on bullish note as NGXASI appreciates by 0.31%
Nigeria’s Equities market closed positive on Wednesday as the NGX-ASI increased to 98,509.68 from 98,206.97 recorded at the close of the previous trading day, indicating a YTD return of +31.74%.
Market capitalization increased by N183.50 billion to N59.715 trillion from N59.531 trillion recorded at the previous trading day’s close. Conversely, the market turnover decreased to N6.477 billion from N12.813billion.
At the end of today’s trading session , a total of 320,101,766 shares in 7,943 deals, corresponding to a market value of NGN 6,477,909,925.06, were traded. Compared with the previous NGX trading day (Tuesday, December 10), today’s data shows 66% decline in volume, 49% decline in turnover, and 13% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 59.7 trillion.
In the aggregate, 130 NGX listed equities participated in trading, ending with 34 gainers and 17 losers. Conoil led the gainers with 10% share price appreciation closing at NGN 352.00 per share, followed by Africa Prudential (+10%), RT Briscoe (+10%) and Golden Guinea Breweries (+9.95%).
On the losing side, Julius Berger Nigeria came out last with an end-of-day price depreciation of 10% at NGN 155.25 per share, followed by Secure Electronic Technology (-9.52%), Multiverse Mining & Exploration (-7.63%) and Haldane McCall (-6.07%). E-Tranzact International recorded the highest volume of 70.3 million traded shares, followed by Universal Insurance Company (23.8m), Zenith Bank (21.2m) and FBN Holdings (18.6m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 302.71 (0.31%) points to close at 98,509.68, representing a 1-week gain of 0.34%, a 4-week gain of 1.12%, and an overall year-to-date gain of 31.74%.
Other remarkable indices that performed were the NGX Top 30 Index (-0.31%; -0.29% 1WK; +32.55% YTD), NGX Oil & Gas Index (+2.59%; +6.09% 1WK; +150.69% YTD), NGX Insurance Index (+2.34%; +6.91% 1WK; +72.8% YTD), NGX Main Board Index (+0.42%; +0.66% 1WK; +37.2% YTD), NGX Industrial Index (+0.15%; -1.4% 1WK; +31.68% YTD), and NGX Premium Index (+0.09%; -0.26% 1WK; +30.15% YTD).
